Restore PLC Acquisition of Reisswolf Wales (5994T)
09 January 2017 - 6:00PM
UK Regulatory
TIDMRST
RNS Number : 5994T
Restore PLC
09 January 2017
9 January 2017
Restore PLC
Acquisition of Reisswolf Wales
Restore plc ("Restore") today announces the acquisition of the
business and certain assets of Reisswolf Wales, Border Counties
& Merseyside ("Reisswolf Wales"), the secure shredding division
of Parry & Evans Limited, a fibre-based waste recycling
business based in Welshpool, Wales.
Reisswolf Wales was founded in 2002. For the 12 months ending 31
May 2016, it generated revenues of GBP0.5 million. The acquisition
was funded from Restore's existing bank facilities.
Charles Skinner, Chief Executive of Restore, commented:
"Following the acquisition of PHS Data Solutions in August, the
addition of Reisswolf Wales brings to Restore a new customer base
in the Welsh region, further economies of scale, and strengthens
our position as the UK's second largest provider of secure
shredding services".
For further information please contact:
Restore plc
Charles Skinner, Chief
Executive 07966 234 075
Adam Councell, Group
Finance Director 07860 402 434
Cenkos Securities 020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting 020 3727 1340
Nick Hasell
Alex Le May
This information is provided by RNS
The company news service from the London Stock Exchange
END
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